JSE USD trading leaps, index drops


The Jamaica Stock Exchange US dollar market suffered a sizable fall on Friday with the market Index plunging 17.72 points to close trading at 234.60, following a huge 3,489 percent jump in the volume of stocks traded and a 670 percent jump in value over Thursday’s trades, resulting from an exchange of 10 securities, compared with eight on Thursday with the price of one rising, four declining and five ending unchanged.

The market closed with an exchange of 2,139,002 shares valued at US$61,591 compared to 59,603 stocks at US$7,997 on Thursday. Trading averaged 213,900 shares at US$6,159 compared to 7,450 stocks at US$1,000 on Thursday, with a month to date average of 122,145 units at US$3,866 compared to December that ended with an average of 229,957 units for US$7,451.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com, for companies with financial year ending around August 2025.
At the close, AS Bryden sank 0.56 of one cent in closing at 19.44 US cents after the trading of 100 stock units, First Rock Real Estate USD share declined 0.2 of a cent to 2.2 US cents in an exchange of 278 shares, Margaritaville remained at 6.78 US cents with investors dealing in 318 units. MPC Caribbean Clean Energy ended at 60.5 US cents with 68 stocks switching owners, Productive Business Solutions fell 0.01 of a cent to end at US$1.4499 with 765 units passing through the market, Proven Investments ended at 12 US cents as investors exchanged 1,441 stocks. Sygnus Credit Investments remained at 7 US cents with 2,806 shares clearing the market and Transjamaican Highway slipped 0.25 of one cent to close at 2.73 US cents after an exchange of 2,133,089 stock units.

In the preference segment, Productive Business Solutions 9.25% preference share gained 40 cents to close at US$10.90 with a mere 10 shares changing hands and Sygnus Credit Investments US 8% ended at US$9.50 with 127 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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